Escrow & Title
A title search in Montana is conducted to:
ADetermine the property's market value
BExamine public records to establish the chain of title and identify encumbrances✓ Correct
CConfirm the property's zoning classification
DVerify the accuracy of the survey
Explanation
A title search examines public records (deeds, mortgages, liens, judgments, easements) to trace the chain of ownership and identify any encumbrances or defects that could affect the buyer's ownership rights.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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